Use Value
Fragment of a discussion from Talk:SOCI370/capitalbygroup2
Thats a good question... To me, Use value is something that can be measured in a monetary value (numbers). For instance, i interpret use value as a commodity that an individual requires and can physically "use" for his or her need. For instance, and a really simple way to explain how im thinking, if i am thirsty, i need water therefore water has a special use value for me, as opposed to someone who is not currently thirsty. Therefore, i would be required to buy water (monetary value/numbers) and that would lead to a measurement of use value using numbers.
MichaelHicks (talk)